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Reply to "Amex, Visa, MC to start tracking gun sales"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]About time. They track clothing sales, food sales, healthcare sales.. why not gun sales. Of course, the gun nutters claim that even expensive gun safe sales will be categorized as "gun sale", but if you have nothing to hide, not seeing the big deal here. The FL nightclub shooter bought $26k worth of guns/ammo on his credit card. That would've been flagged had this tracking been in place. Banks will have the option to decline the purchase, and before you say that's unAmerican, no, that's capitalism. Banks have the right to decline a purchase. It's happened to me a few times, including when I tried to pay $6000 for my kid's braces. I had to call them to have them release the funds. Why shouldn't they do that for large gun purchases? Banks were pressured by large pension holders, one of the largest being the teacher's pension fund in CA and NY. Good for them. Teachers are in the frontlines when it comes to our children's safety at school. https://apnews.com/article/gun-violence-shootings-new-york-city-politics-4aae50c67e40f9683f604a8683acc391[/quote] What are banks supposed to do with this information? Prevent sales beyond some limit? Report something to the FBI? I don't have a problem in principle but there's a slippery slope -- should banks contact the DMV if you buy alcohol frequently?[/quote] Per link above, "merchant codes just track the type of merchant where the credit or debit card is used, not the actual items purchased." Is this true? If so, folks will just buy weapons at Walmart?[/quote]
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